                    &         (1)        &         (2)        &         (3)        &         (4)        &         (5)        &         (6)        \\
                    &        b/se        &        b/se        &        b/se        &        b/se        &        b/se        &        b/se        \\
main                &                    &                    &                    &                    &                    &                    \\
persrank            &      -2.841$^{*}$  &      -3.559$^{***}$&      -3.847$^{**}$ &      -3.486$^{***}$&      -3.372$^{***}$&      -3.239$^{***}$\\
                    &     (1.169)        &     (0.973)        &     (1.493)        &     (1.025)        &     (0.962)        &     (0.851)        \\
rightgov            &       5.983        &       4.055        &       4.341        &       6.744        &      -2.210        &       7.012        \\
                    &    (12.319)        &    (10.267)        &    (10.370)        &     (9.060)        &     (7.825)        &     (9.578)        \\
leftgov             &      18.657        &      12.252        &      12.195        &      10.795        &       5.618        &      14.384        \\
                    &    (14.692)        &    (11.904)        &    (11.977)        &    (10.669)        &    (10.059)        &    (10.957)        \\
loggdppc            &     -13.151$^{+}$  &     -19.892$^{***}$&     -19.898$^{***}$&     -18.121$^{**}$ &     -23.918$^{***}$&     -16.827$^{*}$  \\
                    &     (7.078)        &     (5.747)        &     (5.682)        &     (6.487)        &     (5.392)        &     (7.499)        \\
logpop              &       1.191        &      -1.631        &      -1.236        &      -0.387        &      -3.095        &       1.006        \\
                    &     (3.940)        &     (3.770)        &     (4.024)        &     (4.397)        &     (3.351)        &     (4.564)        \\
pr                  &                    &                    &      -3.665        &                    &                    &                    \\
                    &                    &                    &    (11.875)        &                    &                    &                    \\
region==Australia and New Zealand&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Caribbean   &                    &                    &                    &      -1.458        &                    &                    \\
                    &                    &                    &                    &    (15.458)        &                    &                    \\
region==Central America&                    &                    &                    &      18.730        &                    &                    \\
                    &                    &                    &                    &    (15.052)        &                    &                    \\
region==Central Asia&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Eastern Africa&                    &                    &                    &      41.825$^{*}$  &                    &                    \\
                    &                    &                    &                    &    (20.249)        &                    &                    \\
region==Eastern Asia&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Eastern Europe&                    &                    &                    &      -5.588        &                    &                    \\
                    &                    &                    &                    &    (18.126)        &                    &                    \\
region==Melanesia   &                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Micronesia  &                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Middle Africa&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Northern Africa&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Northern America&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Northern Europe&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Polynesia   &                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==South America&                    &                    &                    &      -2.340        &                    &                    \\
                    &                    &                    &                    &    (14.306)        &                    &                    \\
region==South-Eastern Asia&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Southern Africa&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Southern Asia&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Southern Europe&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Western Africa&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Western Asia&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
region==Western Europe&                    &                    &                    &       0.000        &                    &                    \\
                    &                    &                    &                    &         (.)        &                    &                    \\
debtrestructured    &                    &                    &                    &                    &       0.000$^{+}$  &                    \\
                    &                    &                    &                    &                    &     (0.000)        &                    \\
brady               &                    &                    &                    &                    &      18.200$^{***}$&                    \\
                    &                    &                    &                    &                    &     (5.195)        &                    \\
newmoney            &                    &                    &                    &                    &      -9.821$^{**}$ &                    \\
                    &                    &                    &                    &                    &     (3.665)        &                    \\
imports_gdp         &                    &                    &                    &                    &                    &       0.842        \\
                    &                    &                    &                    &                    &                    &     (0.654)        \\
exports_gdp         &                    &                    &                    &                    &                    &      -0.804        \\
                    &                    &                    &                    &                    &                    &     (0.796)        \\
_cons               &     118.427        &     275.909$^{**}$ &     273.914$^{**}$ &     240.142$^{*}$  &     321.591$^{***}$&     212.696        \\
                    &    (90.698)        &    (95.952)        &    (97.196)        &   (111.559)        &    (85.906)        &   (139.190)        \\
select              &                    &                    &                    &                    &                    &                    \\
total2              &                    &       0.021$^{***}$&       0.021$^{***}$&       0.022$^{***}$&       0.021$^{***}$&       0.021$^{***}$\\
                    &                    &     (0.004)        &     (0.004)        &     (0.004)        &     (0.004)        &     (0.005)        \\
logforex            &                    &      -0.153$^{**}$ &      -0.153$^{**}$ &      -0.149$^{*}$  &      -0.158$^{**}$ &      -0.155$^{*}$  \\
                    &                    &     (0.056)        &     (0.056)        &     (0.059)        &     (0.058)        &     (0.065)        \\
loggdppc            &                    &       0.034        &       0.034        &       0.029        &       0.042        &       0.037        \\
                    &                    &     (0.071)        &     (0.071)        &     (0.072)        &     (0.073)        &     (0.073)        \\
currentaccount      &                    &       0.000$^{***}$&       0.000$^{***}$&       0.000$^{***}$&       0.000$^{***}$&       0.000$^{***}$\\
                    &                    &     (0.000)        &     (0.000)        &     (0.000)        &     (0.000)        &     (0.000)        \\
gdpgrowth           &                    &      -0.012        &      -0.012        &      -0.005        &      -0.014        &      -0.016        \\
                    &                    &     (0.011)        &     (0.011)        &     (0.009)        &     (0.012)        &     (0.011)        \\
_cons               &                    &      -0.997$^{*}$  &      -0.999$^{*}$  &      -1.018$^{*}$  &      -1.014$^{*}$  &      -0.998$^{*}$  \\
                    &                    &     (0.486)        &     (0.486)        &     (0.482)        &     (0.484)        &     (0.482)        \\
/                   &                    &                    &                    &                    &                    &                    \\
athrho              &                    &      -1.244$^{***}$&      -1.249$^{***}$&      -1.382$^{***}$&      -1.126$^{**}$ &      -1.490$^{*}$  \\
                    &                    &     (0.245)        &     (0.256)        &     (0.307)        &     (0.416)        &     (0.723)        \\
lnsigma             &                    &       3.522$^{***}$&       3.523$^{***}$&       3.477$^{***}$&       3.389$^{***}$&       3.590$^{***}$\\
                    &                    &     (0.126)        &     (0.128)        &     (0.152)        &     (0.219)        &     (0.283)        \\
$\lambda$           &                    &     -28.654        &     -28.747        &     -28.532        &     -23.994        &     -32.725        \\
Observations        &          53        &        1402        &        1402        &        1402        &        1402        &        1402        \\
R$^2$               &       0.313        &                    &                    &                    &                    &                    \\
